Verified 1Z0-1065-20 exam dumps Q&As with Correct 162 Questions and Answers
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NEW QUESTION 22
Alliance Corp's approval policy requires the number of approvers to be based on the Item category. If the total amount of all items within a requisition with Item category "IT" is less than 1000 USD, then the IT manager needs to approve it. But if the total amount of IT category items within a requisition exceeds 1000 USD, then the IT manager, IT director, and CIO need to approve the document. For any other purchasing categories below 1000 USD, the purchasing manager approves it; and anything above 1000 USD, the procurement VP approves. Approval policy at Alliance Corp is configured to use the attribute type of "Summation" based on the IT category.
An employee submits the following requisition:
LINEDESCRIPTIONCATEGORYAMOUNT
1Mac LaptopIT. Laptop899.00
2LCD MonitorIT. Monitor250.00
3IPhone6Telephony. Cellphone 199.99\
Refer to the exhibit to select the final approving authority.
- A. Line 1 is approved by the IT manager, Line 2 by the IT director, and Line 3 by the purchasing manager.
- B. Line 1 is approved by the purchasing manager, Line 2 by the IT manager, and Line 3 by the IT director.
- C. Line 1 and Line 2 are approved by the CIO, and Line 3 by the purchasing manager.
- D. Line 1 and Line 2 are approved by the IT manager, and Line 3 by the purchasing manager.
Answer: C
NEW QUESTION 23
What is the earliest point that funds can be reserved for requisitions, during implementation and funds reservation for Budgetary Control?
- A. Funds can be reserved upon approval of the purchase order.
- B. Funds can be reserved upon submission of the requisition.
- C. Funds can be reserved upon approval of the requisition.
- D. Funds can be reserved upon creation of the purchase order.
Answer: B
NEW QUESTION 24
An organization implementing Supplier Qualification Management has multiple procurement business units:PR BU1, PR BU2, and PR BU3. The Corporate head office (CORP BU) is also defined as one of the procurement business units.
The organization wants to maintain and manage the Qualification area-A for use by all the procurement business units, but wants the Qualification area-B to be used only by CORP BU and PR BU1.
Which two setups fulfill this requirement? (Choose two.)
- A. Create the Qualification area-A in CORP BU and select the "Global" check box.
- B. Create the question in CORP BU and select the "Global" check box.
- C. Create the Qualification area-A in PR BU2 and select PR BU3.
- D. Create the Qualification area-B in CORP BU and select PR BU1.
- E. Create the Qualification area-B in CORP BU and select the "Global" check box.
Answer: B,D
NEW QUESTION 25
Which statement is true regarding terms and conditions?
- A. Terms and conditions are not seeded with Oracle Sourcing Cloud and are only seeded with Oracle Purchasing Cloud.
- B. Terms and conditions are not seeded with Oracle Purchasing Cloud and are only seeded with Oracle Sourcing Cloud
- C. Terms and conditions are seeded with both Oracle Sourcing Cloud and Oracle Purchasing Cloud.
- D. Terms and conditions are not seeded with either Oracle Sourcing Cloud or Oracle Purchasing Cloud.
Answer: C
NEW QUESTION 26
Your customer has the following approval hierarchy:
1. Role: Employee; Document: Purchase Requisition; Approval Limit: $3500
2. Role: Manager; Document: Purchase Requisition; Approval Limit: $6700
3. Role: Senior Manager; Document: Purchase Requisition; Approval Limit: $12000 Purchase Order requisitions are set up with an approval method of Employee-Supervisor hierarchy and a Forward method of Direct. "Can Change Forward-To" is set to No. An employee has created a purchase requisition with a total amount of $8200, and wants the manager to review the requisition electronically before it is approved. How can this requirement be fulfilled?
- A. Advise the employee to have the manager review the requisition via the requisition summary form before submitting the requisition for approval.
- B. Advise the manager to have the senior manager forward the requisition back to the employee before approving.
- C. Advise the employee to print the requisition, scan it into an email, and then email it to the manager.
- D. Advise the employee to change the Forward-To on the requisition to the manager.
Answer: A
NEW QUESTION 27
Your customer requires that a consignment order should automatically get created whenever a self-service requester creates a purchase requisition.
Identify the setup required to fulfill this requirement.
- A. Assign all the requisition line to the consignment buyer.
- B. Create a consignment agreement with touchless buying options enabled in the Controls tab to automatically generate orders.
- C. Select the "Source from consignment" check box and set "Urgent" to "Yes" during requisition creation through self service.
- D. Enable all the requisition line items to be sourced from the consignment source.
Answer: C
Explanation:
Explanation
How can I create a purchase order for consignment inventory items?
You begin by creating a purchase order with a document style for a consignment order.
Choose your consignment supplier and add the consignment items for this order.
Verify that the items were sourced by aconsignment agreement and that Consignment Line is checked on the line.
Submit the order for approval.
References:https://docs.oracle.com/cloud/latest/procurementcs_gs/OAPRC/OAPRC1007479.htm
NEW QUESTION 28
An organization implementing Supplier Qualification Management has multiple procurement business units:
PR BU1, PR BU2, and PR BU3. The Corporate head office (CORP BU) is also defined as one of the procurement business units.
The organization wants to maintain and manage the Qualification area-A for use by all the procurement business units, but wants the Qualification area-B to be used only by CORP BU and PR BU1.
Identify two setups to fulfill this requirement. (Choose two.)
- A. Create the Qualification area-A in CORP and select the "Global" check box.
- B. Create the Qualification area-A in PR BU2 and select PR BU3.
- C. Create the Qualification area-B in CORP BU and select PR BU1.
- D. Create the question in CORP BUand select the "Global" check box.
- E. Create the Qualification area-B in CORP BU and select the "Global" check box.
Answer: A,C
Explanation:
Explanation
References: Oracle Procurement Cloud Using Procurement (Release 9), page 57
NEW QUESTION 29
During Oracle Procurement Cloud implementation, one of the requirements of the customer is to capture the revision history of Purchase Orders when 'notes to receiver' is entered or updated as part of a Change Order.
Identify the setup that needs to be performed in order to capture change history when a user updates 'notes to receiver' as part of the Change Order.
- A. Update the attribute 'notes to receiver' in the Change Order template for the Purchase Order.
- B. Update the attribute 'notes to receiver' in supplier site assignment for the supplier site.
- C. Update the attribute 'notes to receiver' in Common Payables and Procurement Options' for the procurement Business Unit.
- D. Update the attribute 'notes to receiver' in Configure Requisitioning Business Function' for the requisitioning Business Unit.
Answer: A
NEW QUESTION 30
A replenishment requisition is created with the following details and imported through an open interface in Oracle Procurement Cloud:
* Requisition date - 10/10/2012 (DD/MM/YYYY)
* Requisition Business Unit (BU) - BU1
* Item - AS16168
Identify the Blanket Purchase Agreement that the application would select to automatically create a Purchase Order.
- A. BPA: 8787
Type: Local BPA
Effective Dates: 01/03/2012-31/12/2013
Item: AS16168
BU: BU2
Automatically generate orders flag: No - B. BPA: 7998
Type: Local BPA
Effective Dates: 01/01/2012-30/09/2012
Item: AS16168
BU: BU1
Automatically generate orders flag: Yes - C. BPA: 9986
Type: Local BPA
Effective Dates: 01/08/2012-31/10/2013
Item: AS16168
BU: BU1
Automatically generate orders flag: Yes - D. BPA: 8837
Type: Global BPA
Effective Dates: 01/06/2012-31/07/2013
Item: AS16167
BU: BU1
Automatically generate orders flag: Yes - E. BPA: 9938
Type: Global BPA
Effective Dates: 01/09/2012-31/08/2013
Item: AS16168
BU: All
Automatically generate orders flag: Yes
Answer: C
NEW QUESTION 31
Your customer is implementing the full suite of Cloud procurement. They would like to know how best they can utilize the Contract Terms library.
Identify three applications from where users can access the Contract Terms library for setting up "contract terms" for different documents. (Choose three.)
- A. Sourcing
- B. Procurement Contracts
- C. Purchasing
- D. Self Service Procurement
- E. Supplier Model
Answer: A,B,C
Explanation:
Explanation
C: The procedure for conducting and awarding a two-stage RFQ in Fusion Sourcing quote information includes contact terms.
D: Adding Contract Terms
IfOracle Fusion Procurement Contracts is installed and configured, you can access contract information created and stored in Procurement Contracts and associate it with your negotiation document. Such information could identify important deliverables or contract clauses suppliers must provide along with the timeline governing the deliverable management.
E: In Oracle Fusion Purchasing a purchase order can be created through an automated process or entered manually.
You can communicate your purchase orders andagreements along with any amendments, attachments, contract terms, and contractual deliverables to suppliers using print, fax, or e-mail.
References: Oracle Procurement Cloud Using Procurement (Release 9), pages 155, 213, and 248
NEW QUESTION 32
Your customer tells you that in their industry, the response document for an auction is called a 'Proposal' instead of the default Oracle term 'Bid', and that they would like to have all their negotiation documents reflect this terminology. What would you do to meet this requirement?
- A. Customize the Descriptive Flexfield.
- B. Create a Negotiation Style
- C. Create a Negotiation Template.
- D. Create a Negotiation Type.
- E. Create a Purchasing Document Style.
Answer: B
Explanation:
Explanation
You can use a negotiation style to control the look of the document and the features available. A style is a good way to create a streamlined negotiation.
NEW QUESTION 33
Your customer has defined some new roles for specific organizational needs. Where would you assign these additional roles?
- A. Fusion Identity Manager (FIM) > Provision Roles screen
- B. Fusion Functional Setup Manager (FSM) > Manage Users task
- C. Fusion Applications Policy Manager (APM)
- D. Fusion Human Capital Management (HCM)
Answer: B
Explanation:
Explanation
You can create new organizations using the Manage Sales and Marketing Organizations option in the Functional Setup Manager or the Oracle Fusion Partner Management user interface. You can also create new resource organizations from the User Management interface. You can also use the interface to manage user accounts and roles, and to create employee and partner-member users.
NEW QUESTION 34
During the implementation, your customer wants to understand the key features of the two-stage Request For Quotation (RFQ) available in Oracle Sourcing Cloud.
Identify three features of the two-stage RFQ. (Choose three.)
- A. Two stage Evaluation
- B. Open Auctions
- C. Response Visibility is always Sealed
- D. Response Visibility Blind
- E. Response Visibility Open
- F. Technical and Commercial Evaluation
Answer: A,C,F
Explanation:
Explanation
The two-stage RFQ process involves the submission by the suppliers of a technical quote and a commercial quote. The technical quotes are opened and evaluated first to determine a list ofqualified suppliers, and only then are the commercial quotes of the qualified suppliers opened and evaluated.
TWO STAGE RFQ
Ensure impartial judgment of supplier responses in markets that require technical and commercial evaluation of proposals to be doneindependently. While suppliers submit their responses as a single bid package, category managers first analyze the technical merits of the proposal while the commercial aspects of the bid remain sealed. Commercial details of bids that pass the technical evaluation are disclosed in the second evaluation phase, while the details of failed bids remain sealed. Category managers enter surrogate responses on behalf of suppliers by submitting the technical terms of the proposal during the first stage of the negotiation, and only entering the commercial terms if the first stage evaluation is successful.
References: See What's Coming in Oracle Procurement Cloud (Release 9), page 8
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_EDADAB5CC7CF0747E040D30A68811553
NEW QUESTION 35
You are implementing Cloud Procurement contracts and during user acceptance testing, the user would like to create clauses in the Cloud applications similar to what were available in their legacy Contract application.
Identify two ways to create clauses as per their requirement. (Choose two.)
- A. Import Clauses from the Contracts workarea page.
- B. Create Clauses from the Contracts workarea page.
- C. Manage Contract Standard Clauses, Templates, and Profiles from Functional Setup Manager.
- D. Manage Contract Standard Clauses from Functional Setup Manager.
Answer: A,B
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/procurement/20a/fasca/setting-up-contract-terms-and-clause-library-config The clause is the basic building block of both the terms library and contracts in general. Using the Create Clause task in the Terms Library work area the following steps summarize the creation of a clause. See the related links section for a detailed demonstration.
https://docs.oracle.com/en/cloud/saas/procurement/20a/fasca/setting-up-contract-terms-and-clause-library-config You can import clauses, values sets, and manual user variables from external sources into the Contract Terms Library by using interface tables. You can either load your data directly into the interface tables using SQL*Loader, PL/SQL scripts, or JDBC, or you can import the data from an XML file by running the processes described in this topic.
NEW QUESTION 36
During an implementation, the Buyers will like to access the OTBI reports that are available in the Cloud Purchasing application. Identify the way to provide them easy access to Purchasing related OTBI reports?
- A. Enable the OTBI reports in Purchasing work area
- B. Ask the buyer to run Scheduled Process to run the OTBI reports for Purchasing
- C. Train the buyers to navigate to 'Functional Setup Manager' to access the reports
- D. Train the users to navigate to Business Intelligence applications to access the reports
Answer: A
NEW QUESTION 37
Identify the setup that allows news and information of interest to be published to suppliers through the Oracle Supplier Portal Cloud.
- A. enabling feed from social media sites such as Facebook, Twitter, and so on using 'Manage Common Options for Purchasing'
- B. configuring the "News Broadcast" field using the 'Manage Supplier' task
- C. enabling RSS feed from a customers corporate web portal
- D. setting up Specify Supplier News Content in the Functional Setup Manager
Answer: D
NEW QUESTION 38
In an implementation, the Purchase Requisition users are requesting that they want to receive the purchase orders created for their requisitions. Identify the correct functionality related to this requirement in Cloud Procurement:
- A. Requesters can receive Purchase Orders using Self Service Receiving
- B. Requesters need to be assigned the Warehouse Manager or Receiver role in order to receive Purchase Orders
- C. Requesters cannot receive Purchase Orders
- D. Requesters need to be assigned Purchasing Agent role in order to receive Purchase Orders
Answer: A
NEW QUESTION 39
Which seeded role needs to be associated with the supplier user account so that a supplier can respond to the invited negotiations?
- A. Supplier Bidder
- B. Supplier Customer service representative
- C. Supplier Sales Representative
- D. Supplier Self Service Administrator
- E. Supplier Contract Manager
Answer: C
NEW QUESTION 40
An organization wants to establish a supplier onboarding process with qualification and evaluation. Only qualified suppliers should be eligible to supply their goods and service.
How do you model this requirement using external supplier registration and supplier qualification management?
- A. External Supplier registration-Spend Authorized > Supplier Response > Qualification Evaluation > Initiative
- B. External Supplier registration-Spend Authorized > Initiative > Supplier Response > Qualification Evaluation > Promoted as spend authorized
- C. External Supplier registration-Prospective > Supplier Response > Promoted as spend authorized > Qualification Evaluation
- D. External Supplier registration-Prospective > Initiative > Supplier Response > Qualification Evaluation > Promoted as spend authorized
Answer: D
Explanation:
Explanation
You can choose to register the new supplier as a prospective supplier or a spend authorized.
If you register the company as a prospective supplier, the supplier can participate as soon as its registration is approved. A prospective supplier can receive invitations, view a negotiation and respond. You can award the supplier business, but you cannot issue a purchase document for the supplier until it is approved for conducting financial transactions with your buying organization.
NEW QUESTION 41
On completion of a Negotiation Award using a negotiation template, you are trying to create a purchasing document and system provides you the option to create a Blanket Purchase Agreement (BPA) only, whereas you expected to get an option to create a Contract Purchase Agreement (CPA).
Identify the reason for this.
- A. The Business Function for the associated Business Unit is 'Requisition Only' and did not allow Purchase Agreement Generation.
- B. The negotiation outcome is defined as 'Blanket Purchase Agreement' in the negotiation template.
- C. The Profile Option PO_PRC_AGENT_CATEGORY_ASSIGNMENT is set to the current user.
- D. The negotiation outcome is defined as 'Contract Purchase Agreement' in the negotiation template.
Answer: D
Explanation:
Explanation
Oracle Fusion Purchasingprovides the following purchase order types: purchase order, blanket purchase agreement, and contract purchase agreement.
References: Oracle Procurement Cloud Using Procurement (Release 9), page 131
NEW QUESTION 42
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How much Oracle Planning 2020 Implementation Essentials 1Z0-1065-20 costs
- Types of questions: Performance Based Questions
- Length of Exam: 85 min
- Passing Score: 60% or higher
- No. of Questions: 85 Questions
- Examination Fees: $590 USD
- Examination Name: Oracle Procurement Cloud 2020 Implementation Essentials
For more info read reference:
1Z0-1065-20 Official Certification Site Oracle Cloud Learning Resources
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